The total liabilities of a company at the beginning of the year were $80,000. During...

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Accounting

The total liabilities of a company at the beginning of the year were $80,000. During the year, it borrowed an additional $30,000 and paid off $10,000 of its outstanding debt. What is the ending balance of Total Liabilities?
a) $70,000
b) $90,000
c) $110,000
d) $100,000
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